After lot of rejections from various banks with various reasons, Sun Trust bank has given in principal agreement to give 100k unsecured loc to our business. But the catch is they will put a Lien on the business as we don't have any assets.
Question is, how big the loan can grow in future and will the bank ask for assets as security at that point or they increase the line as the business shows increase in revenues? Our business is staffing and only accounts receivable is our asset.